“Nassim Nicholas Taleb, scientific advisor at Universa Investments, discusses the factors causing global fragility, hidden liabilities in global markets, and what he sees as safe trades in the current market. He speaks with Bloomberg’s Erik Schatzker on Bloomberg Markets.”
USAGOLD note: When asked how it all plays out and if there is anything that he sees as safe in a global financial system on the verge of another crisis, Taleb says he owns “some gold, which I am confused about, and land. . .” He does not elaborate on why he is confused about gold. Taleb, as most of you already know, made his mark in the financial world by predicting the 2007-2008 crisis and writing the now famous book, The Black Swan – The Impact of the Highly Improbable.